The Composite Stock Price Index (IHSG) fell 0.81 percent or 67.04 points in the first trading session on Thursday, February 26, 2026, reaching 8,255.18. The decline occurred despite a slight opening gain, while the rupiah strengthened to around Rp 16,744 per US dollar. Analysts warn of potential further corrections with key support at 8,200.
At the opening of trading on Thursday, February 26, 2026, the IHSG rose 0.02 percent or 2 points to 8,324, following strength in Asian markets such as the Nikkei 225 up 2.2 percent and KOSPI 1.9 percent, driven by chipmaker stocks. However, the index then weakened sharply, hitting an intraday low of 8,237 before a slight rebound, closing the first session at 8,255.18 after a 67.04-point drop from the previous level.
Transaction value reached Rp 14.78 trillion with volume Rp 24.53 billion and 1.64 million trades. All stock sectors declined, with transportation hit hardest at 2.60 percent, followed by cyclical consumer at 1.99 percent, and basic materials at 1.77 percent. Phintraco Sekuritas analysts stated, "IHSG is potentially moving in the range of 8,300–8,350 in the second session, with 8,200 remaining a key support area."
Meanwhile, the rupiah strengthened 0.33 percent to Rp 16,744 per US dollar at opening, from Rp 16,800 previously, triggered by US President Donald Trump's commitment to maintain tariff policies that curbed dollar demand. Permata Bank Chief Economist Josua Pardede explained that the gain is linked to Trump's reaffirmation of 10 percent global tariffs potentially rising to 15 percent. By 09:08 WIB, the rupiah was at Rp 16,753, supported by Moody's forecast of Indonesia's real GDP growth holding at 5 percent with fiscal deficit below 3 percent of GDP.
BNI Sekuritas Head of Retail Research Fanny Suherman predicted the IHSG would attempt to break resistance at 8,450 but risks correction if it fails. Binaartha Sekuritas analyst Ivan Rosanova forecasted a pullback to 8,000-8,075 if below 8,252. Among LQ45 stocks, BREN rose 2.25 percent to 7,950, INKP 1.67 percent to 12,200, and INDF 1.14 percent to 6,650.